Opening Up Innovation
The pmlive website noted that the [pharma] industry is increasingly open to academic collaborations and alongside this a more radical step can be seen in pharma’s willingness to move beyond ‘not invented here’ and take part in ‘open innovation’ initiatives. The trend is an acknowledgement that it is impossible to maintain
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Nokia Open Innovation Challenge 2016 Winners
The Yahoo Finance website announced that start-ups with innovative products focusing on the connected home, digital health and big data have taken the top three spots in Nokia’s 2016 Open Innovation Challenge, beating a tough field of over 400 entries in a competition which looks for the next big
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Open Science and Open Innovation
The SSRN website posted an abstract of a chapter of the new book “Open Science and Open Innovation: Sourcing Knowledge from Universities” by Joel West and Markus Perkmann. The chapter investigates how firms work with universities in the course of their innovation activities. It provides an
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How Open Innovation Competitions Can Help Solve Problems
The Eco-business website reported that while complex issues cannot be solved overnight, open innovation competitions can bring new technologies and talent together to create new ideas that can change the way we view issues such as food waste. Food waste, which has emerged as a key environmental concern
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Four Essential Steps Towards Open Innovation Success
The Creax website noted that although ‘open innovation’ is the talk of the town in R&D circles, leveraging external sources of innovation remains challenging for most companies. In 2013, researchers Dr. Joel West and Dr. Marcel Bogers suggested a four-phase model for inbound innovation projects.
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Disruptive Growth in the Digital Age
The InformationAge website reported that research indicates that large businesses expect the proportion of their revenues generated by collaboration with entrepreneurs to rise from an average of 9% today, to 20% in five years. This type of open innovation is ‘critical’ to future business performance
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Third Annual World Open Innovation Conference
The Newswise website reported that Henry Chesbrough will host the Third Annual World Open Innovation Conference in Barcelona, at the ESADEFORUM on ESADE’s Pedralbes campus on Dec. 15-16, 2016. At the conference Carlos Moedas, EU Commissioner for Research, Science, and Innovation and one of the WOIC’s
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NYC Working To Merge Government With Innovation
The Fastcoexist website reported that two new open innovation challenges were launched recently to ferret out ideas, from the private sector, for reducing electric bills without taking away residents’ control of their own apartments and, in a smaller number of buildings, reduce steam heating bills.
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An Intellectual Property Strategy Supporting Open Innovation
The Cesear website posted an analytical article discussing the relationships between Intellectual Property Rights and Open Innovation. Traditionally, IP has a defensive role: Stop others from creating competing products; Enable competitor-free operation in a given market. The new role of IP: Enables
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How to Innovate By Learning From Startups
The TelecomReseller website reported that large international corporations tend to have extremely efficient and controlled systems and processes that allow them to operate at scale. While these systems are important, they can kill new innovation projects and corporations are increasingly seeking more
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